By: Bryan Smilek, Opinion Writer
Recently, artificial intelligence has been captivating the business world for its hypothetical technological advancements that may alter the economy for the better. Predicted changes to the economy include cheaper labor, an increase in the production of goods and services globally,globally and lower total costs accumulated by companies. AlsoIn addition, artificial intelligence comes with fears that can be easily debunkedHowever, and, many people do not understand the concept of A.I. or, (Aartificial Iintelligence). So what is artificial intelligence, and how is it changing the business industry?
Artificial intelligence is the development of technology that can interpret algorithms and acquire intellectual properties that resembles the traits of the human brain. A.I. machines simulate real-world problems and can create solutions that would have been created through the critical thinking skills of a the human. brain. This new concept of computers with human-like capabilities has caused for mixed emotions among top executives. to be held by top executives. Throughout the Silicon Valley, the nation’s leading area of entrepreneurship growth and technological production, businessmen and women are eccentric when discussing the future of artificial intelligence. Many people believe that humanlike technology will reduce costs of many companies, allow information to be accessed in ways that have never been seen before, and lead society to new heights of technological advancement and problem-solving capabilities. aptitude.
However, not all leaders in the business world are excited about the potential that lies within artificial intelligence. People such as Elon Musk, an accredited entrepreneur and engineer, fear that artificial intelligence will replace the jobs of many in the workplacemillions of jobs. The availability of machinery has caused men and women that think like Musk to fear that the unemployment rate will skyrocket as technological advancements innovate industries worldwide. In addition to fear regarding employment rates, there is concern whether or not it is ethical to program robots with human attributes. Since robots do not naturally have human intelligence, engineers would be giving life to robots that could potential operate like human beings. This potentiality for life humanlike life has scared many people who wonder if it is within human limitations to create lifeforms. artificial, manmade life forms. Finally, artificial intelligence has scared many men and women worldwide due to the high margin for error. Computers often can experience bugs or become hacked by cyber wear, leading to the question: what happens if all the information stored in artificially intelligent beings is hacked by someone with evil intentions?
The fear for the failure of artificial intelligence to not perform or have weak security systems can be disclaimed due to the design of cryptocurrency. Cryptocurrency, a digital asset designed to work as a medium of exchange in cryptography, provides promise for the design of artificial intelligence and is a product of blockchain. . CryptocurrenciesBlockchain is have a decentralized method of transaction records that distributes currencies in a safe manner, making its byproduct, cryptocurrency, the technology behind secure transactions. The form of protection of both users and the operating system found in cryptocurrencies uses various users to confirm transaction information and shows that artificial intelligence can be designed with the same form of security measures. As a result of this type of security, artificial intelligence will not be hacked and will prove to be a safe medium for the accumulation of information by individuals and corporations.
Additionally, the fear that artificial intelligence will replace labor of vast amounts of people can be shut down is that artificially intelligent machines still have to be programmed in order to work. Machines function on a basic algorithm and lack the human component of brainpower to work properly. Moreover, technology will need to be closely watched have to be watched by humans to ensure complete success of artificial intelligence. Finally, artificial intelligence can be proven acceptable in an ethical respect because machines lack the human aspect of a conscious. The machines cannot contemplate motives for decisions and the effects of decisions. Therefore, artificial intelligence will lack the essential human aspects of the soul, making it morally acceptable to create robots that resemble humans in a limited fashion. In conclusion, artificial intelligence will provide efficient methods of displaying an array of information globally, innovate the workforce, and rate efficient means of production for companies due to the lack of unsolvable problems associated with it and the promise it holds for the global economy.
A version of this article appeared in the Tuesday, November 21st print edition.
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